Global offshore rigs market size 2018 & 2026

Published by Jessica Aizarani, Jan 31, 2023
Offshore drilling is the extraction of oil and gas using drillships, semi-submersibles, jackups, or floaters. Offshore rigs only account for some 15 percent of all operational oil rigs worldwide. By 2026, the market is expected to reach 56.97 billion U.S. dollars, of which drillships would account for 50.7 percent.

Market value of offshore oil drilling worldwide in 2018 and 2026 (in billion U.S. dollars)

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Release date

April 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

* Forecast based on a CAGR of 7.9 percent during the period from 2019-2026.

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